Prepayment

noun

noun ·3 syllables ·Rare ·Advanced level

Definitions

Noun
  1. 1
    A payment in advance.
  2. 2
    payment in advance wordnet
  3. 3
    An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.

Synonyms

All synonyms
acquittaladvanceamortizationbinderbuydownbuydown

Etymology

From pre- + payment.

Related phrases

prepayment penaltyin advance

More for "prepayment"

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.